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China has a communistic economic system. However, China's economy has gone under constant reform (change) since the "Cultural Revolution" beginning in the 1970s, and has become closer to that of a mixed economic system.
Wiki User
∙ 13y ago
Wiki User
∙ 9y agoChina has a communist government and had a centrally-planned communist economy until the mid-1980s. However, the current economy of China is primarily capitalist, but with heavy state investment in local industry. This has created a degree of central planning even within a capitalist framework.
Wiki User
∙ 11y agoThe economy of ancient China introduced to the world a number of economic concepts, like the use of coins and money, land distribution for non-aristocrats', and the development of a merchant class.
As well the Chinese people traded amongst themselves with silk, cattle, iron, fish, and salt. Additionally, they traded externally with places like Greece and India.
Wiki User
∙ 12y agoWiki User
∙ 12y agoChina is currently a mixed economy, but it is more of a command economy than a free market economy.
Wiki User
∙ 9y agoThe type of economy that China has is known as a socialist market economy. The economy also has a element of capitalism whereby the state owns most of the firms.
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Who controls china economy?
china can control our economy... i was in china and i was in a security economy control center and i asked a few questions... yes china can control it's economy...
What is the difference between Taiwan and china's economy?
taiwan's economy is already developed, china is still proving~
Why is the great wall important to China's economy?
Short answer: Tourism Because it's a wonder many people head to china to see the great wall and all that money aids to China's economy.
Chinas economy is known as a what economy?
China's economy is known as a command system, or a socialist economy. This means that the wealth of everyone in China's work force is evenly distributed amongst everyone in the country. This poses a problem for people's incentive to work which is the main flaw in this type of economy
What kind of economy does Ireland have?
they have a mixed economy by pro
Does China have an economy?
Yes, China has an economy.
Does China have a market economy?
No, china does not have a market economy!
Who controls china economy?
china can control our economy... i was in china and i was in a security economy control center and i asked a few questions... yes china can control it's economy...
What is ancient china's economy?
ancient china's economy is comunist
What was China's Economy before it was a market economy?
social economy
What type of economy is China?
market economy
What is the economy in china?
The current economy in China is the most rapidly changing economy in the world. It has a large area to farm on aswell.So whenever you go to china,go farming.
What kind of gvernment does hina have?
If the letter C has been left off, here is the answer on what kind of government does China have? China has a communist government. Unlike the normal description of what such a government consists of, China's leaders have altered their version of Communism that is radically different for many decades since China became a communist nation. What the communist leaders have done is to allow certain sectors of the Chinese economy to become a "free market" economy complete with a major securities market in Shanghai. China's experiment in free market economics has helped their economy grow far beyond anyone's expectations. So with that said, it cannot be denied that China has a Communist government, it's a "different" kind of communism.
When was Center for China in the World Economy created?
Center for China in the World Economy was created in 2004.
Which economy is the closest economy to us economy?
China. China's GDP is 13 trillion whereas the US' GDP is 18 trillion
What type of economy did China have?
China was state capitalist, and is now a mixture of state and private capitalism.
What type of economy system does China have?
A market economy.
